# POLYTEC GROUP sells POLYTEC Industrial Plastics to Peter Stinshoff

POLYTEC GROUP signed a contract to sell its interest in POLYTEC Industrial Plastics GmbH to joint owner Peter Stinshoff, with a one-off cash effect of approximately EUR 17 million. Closing is expected in early December 2020, subject to antitrust approval.

- Type: Acquisition
- Announced: 2020-11-03
- Where: Marchtrenk, Austria
- Status: announced
- Products: moulded polyurethane parts, coatings, plastic processing machinery
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Polytec Group](https://endata.com/companies/31519.md)
- [POLYTEC Industrial Plastics GmbH](https://endata.com/companies/50953.md) (target)
- [Peter Stinshoff](https://endata.com/companies/50954.md) (acquirer)

## Sources

- [polytec-group.com](https://www.polytec-group.com/en/investor-relations/news/news-detail/polytec-group-trennt-sich-vom-gruendungs-und-nischengeschaeft), 2020-11-03: "Today, the POLYTEC GROUP signed a contract for the sale of its interest in POLYTEC Industrial Plastics GmbH to the joint owner Peter Stinshoff."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.